Listing by: Frankie Ciano, Ciano Real Estate, Inc., 805-748-1026
0 Beds
n/a Full bath
n/a SqFt
Active
Embark on an exceptional investment and development venture situated between the acclaimed Beach Tract and the renowned Cloisters neighborhoods. This fully approved 5-lot subdivision, set against the scenic backdrop west of Highway 1, presents an extraordinary opportunity for visionary development. Nestled within Morro Bay's most sought-after locale, this one-acre parcel is poised for transformation. The Cloisters spans an impressive 84 acres, featuring 57 acres of dedicated open space preserve, a charming one-acre public park, and an extensive network of over two miles of paved trails, including direct beach access. Your investment stands as a gateway to this coastal haven. Included in this rare offering is more than just land; it comes complete with a comprehensive package, including approved architectural plans, meticulously crafted landscape designs, construction documents, Coastal Commission approval, and permits extending through February 2025. Your path to success is illuminated, and the time to seize this opportunity is now. This isn't just a real estate venture; it's a chance to be part of the legacy of Morro Bay's coastal evolution. With a proven demand for single-family homes in this sought-after beachside community, capitalize on the current market dynamics and secure your place in history. Don't miss out on this once-in-a-lifetime opportunity to shape the future of Morro Bay's real estate landscape.
Property Details | ||
---|---|---|
Price | $2,800,000 | |
Lot Size Area | 43124 | |
Lot Size Area Units | Square Feet | |
Acres | 0.99 | |
Property Type | Land | |
Exterior Features | Biking,Curbs,Park,Preserve/Public Land,Sidewalks | |
Subdivision | Cloisters(740) | |
View | Dunes | |
Lot Description | 2-5 Units/Acre,Corner Lot,Level with Street | |
Association Fee | 0 | |
Geographic Data | ||
Directions | Corner of Coral and San Jacinto St. | |
County | San Luis Obispo | |
Latitude | 35.393375 | |
Longitude | -120.861109 | |
Market Area | MRBY - Morro Bay | |
Address Information | ||
Address | 2783 Coral Ave, Morro Bay, CA 93442 | |
Postal Code | 93442 | |
City | Morro Bay | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Ciano Real Estate, Inc. | |
Listing Agent | Frankie Ciano | |
Listing Agent Phone | 805-748-1026 | |
Buyer Agency Compensation | 3.000 | |
Attribution Contact | 805-748-1026 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 13 | |
MLS Status | Active | |
Listing Date | Mar 1, 2024 | |
Listing Last Modified | Mar 1, 2024 | |
Tax ID | 065386015 | |
MLS Area | MRBY - Morro Bay | |
MLS # | SC24042430 |
This information is believed to be accurate, but without any warranty.